Under Armour, Inc. (NYSE:UAA) Given Average Recommendation of "Hold" by Analysts

Shares of Under Armour, Inc. (NYSE:UAA - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $7.99.

A number of equities analysts have recently issued reports on UAA shares. Evercore ISI cut their price objective on Under Armour from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Monday, February 10th. Guggenheim reissued a "neutral" rating on shares of Under Armour in a research note on Friday, February 7th. Barclays reduced their target price on shares of Under Armour from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. StockNews.com raised shares of Under Armour from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, Telsey Advisory Group decreased their price objective on Under Armour from $10.00 to $7.00 and set a "market perform" rating on the stock in a report on Wednesday.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently bought and sold shares of the business. Everence Capital Management Inc. purchased a new stake in shares of Under Armour in the 4th quarter worth approximately $225,000. Harbor Capital Advisors Inc. increased its stake in Under Armour by 40.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 66,001 shares of the company's stock valued at $546,000 after purchasing an additional 18,906 shares in the last quarter. Marcum Wealth LLC purchased a new position in Under Armour in the fourth quarter worth about $395,000. Kera Capital Partners Inc. purchased a new stake in shares of Under Armour during the fourth quarter valued at approximately $189,000. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Under Armour during the fourth quarter valued at approximately $156,000. Institutional investors own 34.58% of the company's stock.

Under Armour Trading Up 0.1 %

Shares of UAA opened at $5.71 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19. Under Armour has a 1-year low of $4.78 and a 1-year high of $11.89. The company has a market capitalization of $2.45 billion, a P/E ratio of -19.68 and a beta of 1.54. The firm's 50 day simple moving average is $6.11 and its 200 day simple moving average is $7.74.

Under Armour (NYSE:UAA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a negative net margin of 2.39% and a positive return on equity of 11.03%. During the same period last year, the firm earned $0.19 earnings per share. Sell-side analysts forecast that Under Armour will post 0.3 earnings per share for the current fiscal year.

About Under Armour

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.

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